How to spot and avoid crypto scams

January 01, 2023

This article highlights the most common cryptocurrency scams, how to protect yourself from them, and what to do if you have fallen victim to one. Following these practices may reduce the chances of your crypto being stolen (Image source)The most common types of cryptocurrency scams (and how to identify them)Many cryptocurrency scams are actually just variations of existing scam techniques. Falling victim to social engineering cryptocurrency scams is preventable, and keeping an eye out for these red flags while following our best practices above will help you to recognize and avoid cryptocurrency scams. Wallets like Phantom have taken concrete measures to prevent such cryptocurrency scams via transaction preview features. Your crypto exchangeYou can report cryptocurrency scams to the exchange or platform that was used for the transaction.

The source of this news is from MoonPay